Seal Cove Capital LLC Invests $1.30 Million in Bitwise Bitcoin ETF $BITB

Seal Cove Capital LLC acquired a new stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 35,225 shares of the company’s stock, valued at approximately $1,297,000. Bitwise Bitcoin ETF comprises approximately 1.1% of Seal Cove Capital LLC’s investment portfolio, making the stock its 9th biggest holding.

Several other hedge funds have also recently modified their holdings of the stock. Focus Partners Wealth boosted its stake in Bitwise Bitcoin ETF by 0.8% in the 1st quarter. Focus Partners Wealth now owns 29,358 shares of the company’s stock worth $1,318,000 after purchasing an additional 244 shares in the last quarter. Captrust Financial Advisors grew its position in Bitwise Bitcoin ETF by 1.7% during the 2nd quarter. Captrust Financial Advisors now owns 15,127 shares of the company’s stock worth $886,000 after purchasing an additional 255 shares during the last quarter. Parallel Advisors LLC increased its stake in Bitwise Bitcoin ETF by 5.4% during the 1st quarter. Parallel Advisors LLC now owns 5,905 shares of the company’s stock valued at $217,000 after purchasing an additional 303 shares in the last quarter. NewEdge Wealth LLC increased its stake in Bitwise Bitcoin ETF by 4.3% during the 4th quarter. NewEdge Wealth LLC now owns 7,609 shares of the company’s stock valued at $362,000 after purchasing an additional 312 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of Bitwise Bitcoin ETF by 6.3% in the third quarter. Integrated Wealth Concepts LLC now owns 5,358 shares of the company’s stock worth $333,000 after buying an additional 319 shares during the last quarter.

Bitwise Bitcoin ETF Trading Up 1.1%

NYSEARCA:BITB opened at $35.23 on Tuesday. Bitwise Bitcoin ETF has a 12 month low of $31.49 and a 12 month high of $68.74. The firm has a fifty day simple moving average of $35.63 and a 200-day simple moving average of $39.22.

Bitwise Bitcoin ETF Company Profile

The Bitwise Bitcoin ETF Trust (BITB) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Bitcoin (BTC). It will hold Bitcoin directly, secured through a multi-layer cold storage wallet. BITB was launched on Jan 10, 2024 and is issued by Bitwise.